SolGold PLC Announces Cascabel Exploration Update
BISHOPGATE, November 13, 2018 - The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide an update on recent drilling at the Company's Alpala Deposit in Northern Ecuador.
HIGHLIGHTS:
| | Recent drilling highlights expected to add significantly to an updated Mineral Resource Estimate (MRE) projected for release in December 2018 include: | |
| | Hole 69 (Alpala Western Limb): 852m @ 1.14% CuEq, including 502m @ 1.55% CuEq, and 152m @ 2.49%CuEq. | |
| | Hole 68 (Alpala Central): 664m @ 1.53% CuEq (open at depth), including 348m @ 2.25% CuEq, (1.26%Cu, 1.57g/t Au). | |
| | Hole 67 (Alpala Central): 1028m @ 1.29% CuEq, equating to over 1320m%CuEq, including 544m @ 2.17% CuEq and a zone of intense porphyry mineralisation containing visible gold (146m @ 4.07% CuEq, 1.96%Cu, 3.36g/t Au). | |
| | Hole 66 (Alpala NW): 633m @ 1.25% CuEq, including a zone of rich mineralisation containing visible gold (173m @ 2.46% CuEq, 1.36%Cu, 1.73 g/t Au). | |
| | Hole 64 (Alpala NW-Trivinio): 402m @ 0.65% CuEq, including discovery of a new zone, north of the Alpala Breccia unit, containing primary bornite mineralisation (162m @ 0.95% CuEq) and warrants follow up drill testing which may lead to unearthing further evidence of a second system adjacent to the Alpala Deposit. | |
| | An additional 82,400m metres of additional drilling (Holes 33-67) to be included in second MRE in December 2018 (Dec 2017 MRE estimated from only 53,616m of drilling). | |
Click or paste the following link into your web browser, to view the announcement in full.
http://www.rns-pdf.londonstockexchange.com/rns/0759H_1-2018-11-12.pdf
CONTACTS
| Nicholas Mather | Tel: +61 (0) 7 3303 0665 |
| Karl Schlobohm | Tel: +61 (0) 7 3303 0661 |
| Anna Legge | Tel: +44 (0) 20 3823 2131 |
| Gordon Poole / Nick Hennis | Tel: +44 (0) 20 3757 4997 |
| Andrew Chubb / Ingo Hofmaier | Tel: +44 (0) 20 7907 8500 |
| Clayton Bush / Trystan Cullen / Laura Hamilton | Tel: +44 (0) 20 3100 2222 |
Follow us on twitter @SolGold_plc
This information is provided by RNS, thenews service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: SolGold plc